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Currencies and grain trading

- 24 September 1998
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  • £1=DM2.83 / FFr9.494 / $1.684

  • FOB Rouen spot wheat value: FFr 740.00 (£ 77.94)

  • Chicago December wheat at close: $2.74 (£ 59.71)

UK futures edged higher yesterday after initially being talked down – perhaps linked to the sale of 100,000t of French Wheat to Tunisia at approx £67 CIF. Tunisia bought another 100,000t from Turkey ,at approx £63 CIF, and 75,000t from Germany at an undisclosed price.

Prices at Wednesdays
wheat futures close:

MONTH Close Change
SEP 71.25 0.00
NOV 72.85 + 0.50
JAN 74.75 + 0.55
MAR 76.75 + 0.75
MAY 78.75 + 0.75

    Approximate commodity
    values, £/tonne, ex-farm:

    CommodityPrice
    October Class 1 milling wheat88-90
    October Class 2 milling wheat78-80
    October Soissons82-84
    October feed wheat68-70
    October feed barley67-70
    Harvest 1999 feed wheat73

  • Information provided by BDR Agriculture Ltd, Harvest House, 64 North Street, Bourne, Lincolnshire PE10 9AJ – click here for further details

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